Redfin: The Share of Homes Sitting on the Market Longer Than a Month Increased...
Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract,...
New Home Sales Decreased 0.6 Percent in June as Buyers Wait for Rates to...
New home sales fell 0.6% in June compared with May to reach a seasonally adjusted annual rate of 617,000, according to estimates from the...
NAR: Existing-Home Sales Fell 5.4 Percent in June
Existing-home sales decreased 5.4% in June compared with May to a seasonally adjusted annual rate of 3.89 million, according to the National Association of...
Home Buyers Might be ‘Waiting in Vain’ for Mortgage Interest Rates to Fall
Although homebuyers have gained back purchasing power since April, most continue to sit on the sidelines in the hope that the Fed will cut...
Home Prices Increased 1.3 Percent During the Second Quarter
Single-family home prices increased a seasonally adjusted 1.3% during the second quarter, down from a revised 2.0% in the first quarter, according to Fannie...
U.S. Home Purchases by International Buyers Dropped During the Past Year
International buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2% from the prior year, according to...
Housing Starts Increased 3 Percent in June, Driven by Multifamily Production
Housing starts increased 3% in June compared with May - driven by a surge in multifamily production - but were down 4.4% compared with...
Sixty Percent of Gen Z Worry They May Never Own a Home
About 93% of adult zoomers - the generation born in the 15-year span from 1997 to 2012 - want to own a home, with...
Listings Are Piling Up in Certain Areas, Resulting in Price Cuts
Home buyers continue to wait on the sidelines until mortgage rates decrease. As a result, listings are accumulating in some areas, resulting in price...
First American: Affordability Crunch Likely to Last Through 2024
The affordability crunch plaguing home buyers is likely to persist through the end of 2024, First American says in its latest Real House Price...
ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5...
While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing...
Consumer Sentiment Toward Housing Market Crawled Up Slightly in June
Consumer sentiment toward the housing market improved slightly in June but remained historically low as higher mortgage rates and soaring home prices continued to...
ATTOM: Homeownership Became Less Affordable in Q2
Major homeownership expenses - including mortgage payments, property taxes and insurance - now consume about 35% of the average wage nationwide, according to ATTOM’s...
U.S. Job Market Cooled in June
About 206,000 jobs were added to the U.S. economy in June but it wasn’t enough to keep the unemployment rate from rising to 4.1%,...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
CoreLogic: Home Prices Continued to Rise in May But Rate of Appreciation Slowed
U.S. home prices increased 0.6% in May compared with April and were up 4.9% compared with May 2023, according to CoreLogic’s home price index.
It...
Pending Home Sales Fell in May Despite Rising Inventory
Pending home sales decreased 2.1% in May compared with April and were down 6.6% compared with May 2023, as higher mortgage rates continued to...
New Home Sales Tanked in May as Mortgage Rates Hovered Around 7 Percent
New home sales in May were at a seasonally adjusted annual rate of 619,000, a decrease of 11.3% compared with April and down 16.5%...
Home Prices Continued to Rise in April, But Rate of Appreciation is Slowing
Driven by a lack of inventory, U.S. home prices continued to increase in April, rising 0.3% on an adjusted basis compared with March, according...
Home Flipping Increased Slightly in Q1, Average Profit Per Flip Soared to 30 Percent
While home flipping decreased rapidly from the third quarter of 2022 to the fourth quarter of 2023, due to lack of inventory, it saw...